Days Cash on Hand Example
Total Expenses / 365 = Per Day Then Total Cash / Per Day = Days Cash On Hand
Step One:
Total Expenses / 365 = Per Day Expense
$8,501,111 / 365 (days) = $23,290.72 Expense Per Day
Step Two:
Then Total Cash / Per Day = Days Cash On Hand
$2,388,800 / $23,290.72 = 102 Days Cash On Hand
